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October 21, 2008
Yahoo To Cut Workforce By 10%
During their third quarter financial report call today, Yahoo announced they will be cutting their employee numbers by 10 percent.
Unfortunately, the employees will not have much coming from any of their Yahoo stocks which are at 52 week lows and the poor financial report will not help improve the numbers. Yahoo closed at 12.07 but in after hours trading following the call the stock was up over 5%.
Posted by Frank Watson on October 21, 2008 5:11 PM
